Nyc Overtime Pay Schedule 2024. Overtime must be paid at 1.5 times the. New york city’s actual overtime expenditures increased over the last decade by more than $700 million (52.5 percent), from $1.46 billion in fy 2013 to $2.22 billion in fy 2022.
According to new york overtime law, employers must typically pay employees 1.5 times their regular rate of pay for all work over 40 hours in a week. In 2025, the new york exempt salary threshold will increase to $60,405.80.